Abstract:
The fifth WTO Cancun Ministerial has failed. But just prior to it, the United States and the European Union had arrived at a new accord, which in letter and spirit lays out a detailed road map for what can be called as the second phase of the great trade robbery. And after the breakdown of the talks, the US-EU continue to make empty promises of growth and development without making any effort towards a true and meaningful reform in their own domestic policies.
